Quote from: Distinctin on January 12, 2025, 01:56:50 PM

Aren’t these countries already considered the closest rivals in terms of economy? Under Trump’s presidency, his policies on Bitcoin were generally positive, while China has maintained its stance on banning it. So what do you think? will the US’s adoption of Bitcoin help boost its economy and give it an edge over China, or could it have the opposite effect?

This is an interesting topic IMO, especially since Bitcoin is becoming increasingly influential. Some nations are even considering it as a strategic reserve. So, this type of discussion is very engaging for Bitcoin enthusiasts, as it combines politics, economics, and the growing role of cryptocurrencies on the global market.

Are you talking about Trump's presidency back in 2017-2021? Trump was anti-crypto back then, but the Bitcoin price started growing by the end of 2020 and the first three months of 2021. This pump was caused mostly by Elon Musk and Tesla(if I remember this correctly).
China has always been negative towards crypto, even though many Chinese still hold lots of cryptocurrencies.
My prediction is that USA is going to be pro-crypto, while China will keep it's anti-crypto policies. I don't believe that Bitcoin/crypto is going to boost the US economy. Bitcoin/crypto is still just a bunch of speculative assets. You can't boost the economy by pumping the prices of speculative assets.